Key Points
Berkshire Hathaway (NYSE: BRKA, NYSE: BRKB) reported its Q4 results over the weekend, revealing a cash balance of $373.3 billion, down from a record $381.6 billion at the end of Q3, after acquiring OxyChem for $9.7 billion. The company has been a net seller of stocks for 13 consecutive quarters, with primary sales coming from holdings in Apple and Bank of America.
Despite selling shares, Apple remains Berkshire’s largest holding, and new CEO Greg Abel emphasizes it as a long-term core investment, alongside American Express, Coca-Cola, and Moody’s. Notably, Berkshire opted out of share repurchases for the sixth straight quarter, although they began buying back shares earlier this month.
Greg Abel’s first annual letter as CEO highlighted the importance of patience with the company’s cash reserves and disciplined investment strategies.
